Serious resentment among employees against Budget proposal to levy Income Tax on withdrawal of 60% of provident Fund
Serious resentment among employees against Budget proposal to levy Income Tax on withdrawal of 60% of provident Fund
NFIR
National Federation of Indian Railwaymen
3, CHELMSFORD ROAD, NEW DELHI – 110 055
Dated: 05/03/2016
Shri Narendra Modiji
Hon’ble Prime Minister of India,
152, South Block,
Raisina Hill
New Delhi – 110011
Sub: Serious resentment among employees against Budget proposal to levy Income Tax on withdrawal of 60% of provident Fund – reg.
The employees in general and Rail Workforce in particular are extremely unhappy over the Budget proposal presented by the Hon’ble Finance Minister to impose Income Tax on 60% of Provident Fund withdrawals. This proposal if enforced would cause harm to the workers at
their fag end of service on superannuation.
Hon’ble Prime Minister may please appreciate that the employee withdraws his/her legitimate Provident Fund for meeting the requirements of Children Education, Construction of house or for the purpose of performing marriages of children. Levying Income Tax on these
withdrawals that too when the Provident Fund amount is recognized to be the property of the worker, would be unethical. The employees are deeply disappointed over the Budget proposal to impose Income Tax on P.F. withdrawal.
NFIR, therefore appeals to the Hon’ble Prime Minister to kindly intervene and see that the above proposal is reconsidered and withdrawn in the interest of industrial peace in the Country.
Yours sincerely,
sd/-
(Dr.M.Raghavaiah)
General Secretary
Source: NFIR
TOP 10 POSTS
HOW TO CALCULATE 7TH CPC REVISED PAY AS PER 7TH PAY COMMISSION?
7TH PAY COMMISSION EXPRESSED ITS REGRET ABOUT TRANSITION FROM OPS TO NPS
AICPIN FOR THE MONTH OF JANUARY 2016 - EXPECTED DA FROM JULY 2016
RECOVERY OF WRONGFUL & EXCESS PAYMENTS MADE TO CG EMPLOYEES - DOPT ORDERS 2.3.2016
NC JCM STAFF SIDE MEETING WITH CABINET SECRETARY ON STRIKE CHARTER OF DEMANDS ON 1.3.2016
Rs.70000 CRORES SET ASIDE TO IMPLEMENT 7TH PAY COMMISSION RECOMMENDATIONS
PAY MATRIX TABLE FOR CENTRAL GOVERNMENT EMPLOYEES
GOVERNMENT REJECTED DEMAND FOR RAISING OF BONUS PAYMENT CEILING TO CENTRAL GOVERNMENT EMPLOYEES
7TH CPC LATEST NEWS - BPMS PROTEST FOR MINIMUM PAY 24000 AND FITMENT FORMULA 3.42
CGEGIS TABLE 2016 DOWNLOAD - BENEFITS OF SAVINGS FUND FROM JAN 2016 TO DEC 2016
TOP 10 POSTS










Comments